Macys Inc (M) has an average broker rating of 2.83, which is interpreted as a Hold, as rated by 12 equity analysts. Nonetheless, 1 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 11 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 2, which is also a Buy.
Macys Inc (M) : The most positive equity analysts on Macys Inc (M) expects the shares to touch $48, whereas, the least positive believes that the stock will trade at $37 in the short term. The company is covered by 10 Wall Street Brokerage Firms. The average price target for shares are $41 with an expected fluctuation of $3.33 from the mean.
Company shares have received an average consensus rating of Hold for the current week Also, Citigroup maintains their rating on the shares of Macys Inc (NYSE:M). The current rating of the shares is Neutral. Equity Analysts at the Firm raises the price target to $44 per share from $30 per share. The rating by the firm was issued on August 12, 2016.
Macys Inc (NYSE:M): The stock opened at $36.4 and touched an intraday high of $37.37 on Wednesday. During the day, the stock corrected to an intraday low of $36.24, however, the bulls stepped in and pushed the price higher to close in the green at $37.19 with a gain of 2.88% for the day. The total traded volume for the day was 6,638,722. The stock had closed at $36.15 in the previous trading session.
Macys, Inc. is an omnichannel retail company operating stores, Websites (macys.com, bloomingdales.com and bluemercury.com) and mobile. As of January 31, 2015, the operations of the Company included 823 stores with an area of approximately 147,400,000 square feet in 45 states of the United States, the District of Columbia, Guam and Puerto Rico. Of these 823 stores, 447 were owned, 267 were leased and 109 stores were operated under arrangements where the Company owned the building and leased the land. The Company operates its stores under the names of Macys, Bloomingdales, Bloomingdales Outlet and Bluemercury. The Company operates 13 Bloomingdales outlet stores. Bloomingdales in Dubai, the United Arab Emirates is operated under a license agreement with Al Tayer Insignia, a company of Al Tayer Group, LLC.